$2,300,000.00 12,500 Sq.ft

Address Not Available

Description

This hotel consists of a full service hotel that contains 62 guest rooms with 2.84Acres land , a restaurant, a lounge, (9 VLT) a meeting room, and other related hotel amenities. This includes a Main Building (28 rooms) and an Annex Building (34 rooms). The Main Building contains a one-storey component (common areas) and a two-storey component (hotel room component). The Annex Building is a one-storey structure. The Main Building was completed in 1979 and the Annex Building was completed in 1993. Similar to many Central Alberta communities, the economy of this town is based primarily on the forestry and oil and gas industries. Forestry is supported primarily by three companies. Tourism also plays a minor role in the local economy. This hotel has been operated by GM. Owner is operating another business in other province. Revenue detail( 2017:$2,222,388, 2018: $2, 009,381,2019 : $1,633,222, 2020 :$1,469,213 2021 : $1,120,491), Huge amount of the price reduction from $5,500,000!!

Listing Information

Prop. Type:Commercial
Status:Active
MLS #:A1230832
City:Whitecourt
Neighbourhood:
Province:Alberta
Building/Unit Size: 12,500 sq.ft
Land Size:2.84 Acre
Listing Price:$2,300,000.00
Lease Rate: $0.00
Business Type: Hotel/Motel Hotel/Motel
Property Subtype:Hotel/Motel
Transaction Type:For Sale
Land Use Code:C3
Listing Contract Date:2022-06-17

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This listing is presented by CENTURY 21 BRAVO REALTY, courtesy of "MAXWELL CANYON CREEK" listing brokerage.

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